tech
February 26, 2026
Why Corning's Near Record Stock Price and Historically Expensive Valuation Are Worth It
Shares were up more than 70% year to date — making it one of the best performers in the S&P 500 and, by far, our top 2026 Club stock.
TL;DR
- Corning's stock has risen over 70% year to date, making it a top performer in the S&P 500.
- The company's growth is fueled by the buildout of AI data centers and its fiber optic cabling, which is replacing copper due to lower energy consumption.
- Corning has secured major deals with Meta Platforms (up to $6 billion) and a $2.5 billion deal with Apple for manufacturing glass for iPhones and Apple Watches.
- Analysts view Corning as transitioning from a value stock to a growth stock, with its high valuation justified by expected earnings growth.
- The shift from copper to fiber optic cables in data centers is seen as a significant future growth driver for Corning's optical communications segment.
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